National commodity and derivatives exchange Ltd. will launch futures contract for certified emission reduction (CERs) on April 10, 2008. NCDEX is the first exchange in any of the developing countries of the world to launch a futures contract for carbon credit issued under the United Nations Framework Convention on Climate Change (UNFCCC) on its exchange platform. The CER contract will be made available on April 10 for the delivery in December 2008. The subsequent yearly contracts are likely to be launched within two months for delivery in December between 2009 and 2012.

EU Industry Carbon Emissions Flat In 2007 UK: April 3, 2008 LONDON - European Union industry emissions were roughly flat in 2007, preliminary EU executive Commission data showed on Wednesday, with low gas prices and a mild winter slowing growth. As expected, emissions were less than industry's quotas of permits to emit the greenhouse gas carbon dioxide (CO2) under an EU climate change scheme meant to drive emissions cuts through permit shortages.

NCDEX, the leading agri-commodity exchange, on Wednesday said it will launch futures contract in carbon credits on April 10. The Centre notified 'carbon credits'as tradable on commodity exchanges in, January this year.

Carbon traders will today find out whether the European Union's emissions trading scheme has succeeded in persuading companies to curb their greenhouse gas output. The European Commission is expected to release data today showing the extent of carbon dioxide emissions in 2007 from businesses covered by its emissions trading scheme. It is widely expected to show that emissions from heavy industry such as steel and cement making have fallen by a small amount, but that emissions from the power sector have risen slightly.

Investors in the fledgling market in greenhouse gas emissions have seen their share of volatility and shocks in the past three years. Shares in several carbon trading companies have fallen sharply in the past year, and traders have had to cope with a crash in the carbon price and uncertainty over the future regulation of the market.

Soil experts are being asked for their views on a new strategy to protect England's soils for the future. Defra has published a consultation on the Soil Strategy, which includes an aim to halt the loss of carbon from soil. Soils contain huge amounts of carbon and there is some evidence to suggest that carbon levels are declining in some soils, resulting in the release of CO2 into the atmosphere and contributing to climate change.